₦airaland Forum

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emmanuelewumi:
How much did GTB sell the defunct GT Assurance now Axa Mansard and how much are they going to buy the pension business of Axa Mansard

Okay. Didn't know GTB actually sold it, thought it was allowed to stand alone as an entity with GTB owning substantial stake in it.

rebekah2011:
Gtbank will buy it las las

Axa Mansard is an arm of GTB, operating independently I think.
GTB might take it back just like you said.

Care4:
I'd be busy tomorrow in a remote location, is it possible to place an order this night or tomorrow before the market opens?

@mcy56 and other Morgan Capital user, please.

I don't think you can place order outside trading hours.

Princkez:
what if it's back dated to 2019...what happens to those who bought in 2020

Qualification date and other necessary info should be announced after completing the unbundling......these things follow processes. I don't think it can be back dated.

My concern however is the period within which they'll conclude and rest the matter.
Let it not be longer than necessary. Let them make it sharp sharp thereafter and not tie people's monies down.

Also, like I said, what I posted was just my understanding of how the scenario is going to play out, based on the documents uploaded and published in NSE website as well as getting some guides from the monikers mentioned above.
Correction is welcomed.

stcool:
Well said.

Thanks bros.

The question is: What does anyone stands to gain or lose here........looking at Risk Vs. Reward? ......With due respect to OGG?

To me, the Reward far outweigh the Risks.

Other questions are these:
* Is any of the 3 coys disappearing? No!
* Will they be able to stand on their own? Yes!
* Will that affect UACN share price Negatively? Think the answer is still No!

Make Una add other questions join. I don try.

About UACN unbundling:
This post is for the benefits of those who doesnt understand what the argument was about.

My understanding:
1. UACN is splitting into three after unbundling - UACN, UPDC and UPDC-Reit.
2. Each entity to deal directly with their shareholders after unbundling.
3. UACN controls 93.9% of stake in UPDC and around 61% in UPDC-REIT.
4. UACN shares remains.
5. 93.9% stake of UACN in UPDC to be pro-rated and shared in ratio 1:6 to UACN shareholders.
6. Over 61% UACN stake in REIT to be pro-rated and shared in ratio 2:1 to UACN shareholders.
7. At the end of unbundling, 2 company's shares in addition to UACN (making 3 stocks) will appear in your portfolio.....if you have the 3 already, the units in UPDC and REIT will increase.

@Onegentleguy, Uchetoba and talk2me2 have done all the talking and calculations, you may refer to their posts on the subject.

Invariably, this unbundling will end up paying off..... to the patient ones especially. We pray everything goes according to the plan.

After unbundling, UACN would have separated from its loss making arm while UPDC would strive to restrategise to deliver value to shareholders.....this started with their successful conclusion of the right issue.
Individual is now free to make his/her own choice.

CC: bumba1234 ....with due respect boss.

megawealth01:
CHAMS ON FULL BID 27m+... No offer
Will that do another neimeth? Is there something we dont know?

Seems you're already in Chams bus.
Can't you see that it touches 20kobo in the support?
What it means is that bargain hunters as well as jijo groups are interested in entering at car park.......then wait for the driver to move the car with some kobos again.

GonFreecss1:
Or all this might be nonsense and he is just doing Jijo.

Lol @ jijo.
If such high profiled individuals are doing jijo, then there's fire on the mountain niyen.

PETERiCHY:
Wigwe SOLD his ACCESS at N10 plus and he now REPURCHASED at N6plus what does that tells you

That he knows how to play the game and he's a biz-man nah.
Do you know how much the director that sold of his uacn shares purchased it?
Do you know how many units he had?
Can you remember that uacn sold for 4.50 just this last year?

megawealth01:
Na wetin I fit risk in millions for there

Okay.
Don't have much strength for argument......but if we say someone is selling off (UACN), hope we didn't forget that someone is staking his money on it as well.
What if those insider dealings were mere crossings from a friend to another friend or inviting a highly influential friend unto the table?
What if it's another core shareholder taking position while another one is crossing some of his stakes to him?
What if the shareholder selling is doing so to pursue other interests?

Not too long ago, Wigwe was selling Access and people were panicking, now he's buying back.

During diamond time, there were quite a lot of crossings from the Dozies to the Wigwes (correct me if I'm wrong).

I think these guys knows more than we do.

In the prospectus however, there were details of how the unbundling is going to be done.

Still reading and trying to figure things out myself anyway........until I did this type of findings during Diamond era, I didn't understand it well, was just following Nsempas blindly before then.......but when I did, I could remember posting in favour of the merger thereafter....

Multiplier7:
FCMB o for 1.5
I have join queue too. Patience is to watch and wait

FCMB at 1.5 is okay but I was referring to UACN there.
He said he needed it at N2 and I asked why.
Is it because there were lots of insider dealings or he has another reason?

Anyway, I'm currently reading some bulletins and member's comments on this UACN unbundling.
I know the issue had/has been over-flogged here but so far, I think the outcome is going to be positive.
Let me keep digging.........

megawealth01:
I am waiting for it at km2

Sorry to ask o.
Why are you waiting for the stock at KM 2?

megawealth01:

Lol.
Loco is a senior in Nsempa and NSE nah.

Simlov:
thanks guys for educating us. I have been following this thread for awhile now. please I will need your advice for a couple of things.
l intend to invest in stock each month with a percentage of my salary for the next 5 years. please which stock broker will you suggest and the stock you will advise I buy. thanks once again for educating us free of charge

Go and open accout with a broker first.
I recommend Morgan Capital.
We have quite some other ones which you can get if you read few pages of this thread back.
After account opening, you can come back to ask what to buy......because what will be giving to you now might not be the best ones again at the point of buying.

Snr Loco no vex. Lol.

GonFreecss1:
Thank you. I appreciate you. So we dey together. Half-half.

But I am am sorry In advance though, I won’t hesitate to say my mind about it. If it does go up I will gladly sell. Hahahaha

Chai! We dey together in Japaul now.
See as fate made you to align with Jegede.
It's well dear.

akinssan:
mcy56

Oh! Sorry.
I replied already. I don't always login to the mail.

GonFreecss1:
You know I wouldn’t buy it. Hahahahaha.
My father. Lost him recently. Planning on what I can convert it to and send to my mom at least.
I have to first get the administrator legal stuff though.

Oh!!
Sorry for the loss.
May God comfort you and the family IJN.
I would have said you of all people here won't buy Japaul.
Do take care dear.

locodemy:
Hope you know one of the heavy volumes crossed last week was done at 2?
Today,can you see the crossings and trades going on at 1.80.

Sometimes those volumes dont determine immediate upward price direction...... especially if the market is somehow stagnant like this.
It could however be a pointer to things to come.

GonFreecss1:
Never thought I will say this, but we are in the same boat dear.

I “kinda” have Japaul.

Not expecting you to have it.
Why Japaul? Gut feelings? Sarcasm? Old stock in your portfolio?

locodemy:
That 1.70-72 was a good entry for fcmb.
After consolidations comes breakout.
I can see next support at 1.99 and a new high of #2.50..

FCMB may likely come down lower than that price.
I observed quite some large crossings and purchases last week anyway. Maybe some entities or individuals are buying.

locodemy:
Mcy will officially invite you.She needs an nsempa partner to ride on the ministry well.

You can make something dinning with the devil possibly with long spoon.

Since you said penny

Carry the guy along in your next jijo move.
Mcy does not have any penny stock to recommend at this time.
I won't even talk about Japaul again....the thing is, I have it and still going to keep it.

locodemy:
Not on loco's head.
Maybe mcy's head or any other nsempa member you go add more units.

Chai!
Loco why Mcy nah?
Mcy is not yet a long termer.

rebekah2011:
I think I have said it here before. Someone I know worked with them right from PH, Lagos, and Dubai. When I had high hopes in the company, he will just be smiling. The company started very well but the owner just got too greedy. He took too much from the business.

Boss, don't get me wrong.
We were just talking about buying the coy over if theres fund and possibly returning it to profitability ......not really discussing about its current state.

Caveat: Mcy is not speaking for Japaul oooo.

rebekah2011:
Madam, not with this Japaul now. There is nothing to turn around in that company joor. Just do your JIJO and watch your back.

My boss have spoken. I won't argue again.......but don't forget there can be diversification and all that goes with it.

DrAwo:
Chai....
She called me "my dear"...
#ButterfliesInMyTummy...

I hear you!
Enjoy the loot from your investment...

You're always a darling nah......even though you might be my boss.

locodemy:
Japaul atogbuela gi.were ya nwayo Maka na mkpuru na-ato nwa nnunu negbu kwa ya.

Loco, you understood very well what goes into setting up a biz.
Employers vis-a-vis coy owners points of view will definitely be different from that of employees.
Make I stop there.

DrAwo:
Mercy Mercy...
I gbadun your style well well...

Lemme ask you one question... If you were offered 100% of all the shares in Japaul right now, and you have enough money to buy it all, would you buy the company?

My dear you said it all.
If I have enough money to buy, then it also means I have more money left to turn the coy around for good.
Yes, I'll buy it.

Why do you think an investor put money on AG Leventis, Dangflour and the likes and even bought them out at premium?

leo1234:
GSK was marked down today.
This stock has succeeded in trapping my money.
Mcy56 I want to process e dividend with GTL registrars. Should I fill the form and send to them or contact my stockbroker?

GTL registrar is good and responsive.
Fill your form and send to them, it will be processed.
You can just do some follow up with them to confirm it.

Willie2015:
Na the normal oil price issue...
Coy fundamentals is okay....
Already at 52 weeks low...
On my radar....
But still need it lower...
Not also too liquid...
Once you enter.... you must wait it out.....

Thank you.
Nsempa deep pockets, your food don dey fire, make Una keep eye on this space and not allow penny stocks distract your attention too much.
We appreciate both your negative and positive views.

Seplat always have a way of getting out of any "m.e.s.s".
Let's hope it wouldn't follow the way of Total and the likes this time around.

DrAwo:
Are you investing or speculating in Japaul?

To answer you again, I do invest in Japaul when the opportunity comes calling.
Let me say, I'm also not looking at it from Nsempas points of view.
So I wouldn't totally call it speculation.....but calling it as it is......from my own point of view.
Again I may be wrong. FA self can go wrong sometimes, so who I be.

All these our big big ogas and moneybags, abeg make Una leave our penny stocks for us biko.
Make Una concentrate on your big caps and be dragging them among yourselves.